Updated 2 p.m. March 12
Another one of Wade Park’s lenders filed a second foreclosure notice Friday. The foreclosure sale is scheduled to take place April 3.
After a planned foreclosure sale of Wade Park did not occur Tuesday, one of the lenders has filed a new foreclosure notice Wednesday.
The new foreclosure sale is set to take place April 3.
A trustee had until 1 p.m. Tuesday to sell the property at the Collin County Administration Building, but no trustee arrived.
The foreclosure notices, first filed in February, come after Wade Park has faced construction delays and financial troubles.
As of Monday, Wade Park’s developer Thomas Land & Development owes contractors and suppliers more than $21 million in liens.
Community Impact Newspaper has reported that several previously committed tenants have abandoned the development after construction delays have pushed back the expected opening date for the 175-acre mixed-use development.
Stan Thomas, Thomas Land & Development CEO, has not responded to interview requests.